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Gear4Music

March 2021

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

  • Epic Code:
  • G4M
  • Price:
  • 770p
My write-up last September at 510p was well-timed with the shares surging to highs of 887p after Gear4music said it expects to report results ahead of market expectations. Total sales grew 30% in the three months ended 31 December with the UK up 10% to £23m and Europe / Rest of World increasing 51% to £29.2m, with strong growth from instruments that can be used at home such as guitars, keyboards and home recording equipment. Gross margin improved 3.7% to 29.9%, while EBITDA is expected to be not less than £16.5m (FY’20: £7.8m). N+1 Singer has upgraded eps 31% to 44.8p for the year to March ’21 but expects moderation to 20p in FY’22 as the windfall benefits fro ...

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Related Articles

Gear4music - Online musical instruments group puts out second upgrade in two months (September 2020)
Gear4Music (December 2018)
Gear4Music (March 2018)
Gear4Music (December 2017)
Gear4music - Sales grow 44% in H1 (November 2017)
Gear4music - Results ahead of expectations (July 2017)
Gear4music - Results ahead of forecast (April 2017)
Gear4music - Online musical instruments retailer triggers three upgrades (February 2017)

With small companies there is an above average degree of risk compared to buying blue chips. Please be aware that we have not assessed the suitability of any of these investments for you. The newsletter simply states a personal view and diarises the editor’s investment decisions. Please speak to your stockbroker or other qualified individual to ascertain whether any of these companies mentioned would form useful additions to your own portfolios. Past performance is no indication of future success.

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